COAL & MINES

Coal India’s coal supply to consuming sectors grows 9% to 154.6 MT

State-owned Coal India Ltd (CIL) on January 1 said the supply of coal to the consuming sectors rose 9.2 percent to 154.6 million tonnes (MT) in the third quarter of the current financial year. The company had supplied 141.6 MT of dry fuel in the corresponding quarter of the previous financial year, the state-owned company said in a statement.

“During the quarter ended December 2020, CIL at 154.6 million tonne (MT) supplied 13 MT more coal to the consuming sectors, posting 9.2 percent growth compared with 141.6 MT of the third quarter of last fiscal,” the statement said. The state-owned firm’s total output stood at 156.8 MT in October-December 2020, a 6.3 percent jump as compared with 147.5 MT in the year-ago period.

The quarter-on-quarter output increase was a whopping 41.8 MT, clocking a robust growth of 36.4 percent. CIL produced 115 MT of coal in the previous quarter. “With the non-power sector consumers lifting increased quantities of coal during this year’s third quarter, CIL could record a robust 43.4 percent growth in supplies to this sector,” the company said in a statement.

CIL supplied 36.62 MT to non-power consumers in the October-December 2020 period, compared with 25.53 MT a year ago. “The demand for coal from the power sector is yet to crystallise fully,” it added. “

Source
moneycontrol
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